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Shopping Community

Greeneville West

615 Asheville Hwy, Greeneville, TN 37743

Listing Price: $2,150,000

Cap Rate
9.26%
Gross SF
55,450
Rentable SF
6,000
Price/Gross SF
$38.77
Lot Size
11.50 acres
Year Built
1986

Investment Overview

Marcus & Millichap are pleased to be listing the Greeneville West Shopping Center. This grocery-anchored center is located in Greeneville, Tennessee.

Investment Highlights

  • 55,450-Square Foot Grocery Anchored Shopping Center | Greeneville, TN
  • Grocery Anchor has Over Five-Years Remaining | 35-Years of Historical Occupancy
  • Grocery Anchor and Dollar Tree Recently Signed Lease Extensions | Showing Strong Commitment to the Center
  • 6,000 Square Feet or Roughly 11 Percent of Realizable Vacancy Upside
  • Majority NNN Leases | Low Rent-Per-Square Foot (Average $6.34/SF Base)
  • Mix of Internet-Resistant Tenants | Strong Historical Occupancy
  • Multiple Points of Ingress/Egress, Great Signage and Visibility and Ample Parking
  • 40 Percent Median Household Income Growth Since 2000 with Over 10 Percent Growth Projected by 2025

Exclusively Listed By

  • Joel Dumes

    Senior Managing Director Investments

    (513) 878-7720

    Email Joel

    License(s): OH: SAL.2003013045, KY: 63818

    Cincinnati

  • Stan Falk

    Senior Vice President Investments

    (513) 878-7721

    Email Stan

    License(s): OH: SAL.2012001364

    Cincinnati

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Listing Price: $2,150,000

Cap Rate
9.26%
Gross SF
55,450
Rentable SF
6,000
Price/Gross SF
$38.77
Lot Size
11.50 acres
Year Built
1986

Investment Highlights

  • 55,450-Square Foot Grocery Anchored Shopping Center | Greeneville, TN
  • Grocery Anchor has Over Five-Years Remaining | 35-Years of Historical Occupancy
  • Grocery Anchor and Dollar Tree Recently Signed Lease Extensions | Showing Strong Commitment to the Center
  • 6,000 Square Feet or Roughly 11 Percent of Realizable Vacancy Upside
  • Majority NNN Leases | Low Rent-Per-Square Foot (Average $6.34/SF Base)
  • Mix of Internet-Resistant Tenants | Strong Historical Occupancy
  • Multiple Points of Ingress/Egress, Great Signage and Visibility and Ample Parking
  • 40 Percent Median Household Income Growth Since 2000 with Over 10 Percent Growth Projected by 2025

Investment Overview

Marcus & Millichap are pleased to be listing the Greeneville West Shopping Center. This grocery-anchored center is located in Greeneville, Tennessee.

Exclusively Listed By

  • Joel Dumes

    Senior Managing Director Investments

    (513) 878-7720

    Email Joel

    License(s): OH: SAL.2003013045, KY: 63818

    Cincinnati

  • Stan Falk

    Senior Vice President Investments

    (513) 878-7721

    Email Stan

    License(s): OH: SAL.2012001364

    Cincinnati

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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